.31 Acre Land

Land Description

$1 Auction - 0.31 AC Parcel | 22K VPD | $129K HH Income.

Online Auction Sale August 08-10, 2022

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Investment Highlights

±0.31 AC Land Parcel Shadowed by CVS and Several Grocers within Regional Retail Corridor

Direct Frontage and Visibility to Hamburg Turnpike with ±22,809 VPD and Near Signalized Intersection of Alps Road (±12,606 Vpd)

Nearby Traffic Drivers: Cvs, Dollar Tree, Stop & Shop, ShopRite, Trader Joe's, LA Fitness, Two High Schools, and more

Zoning: Business District | Permitted Uses include Retail, Professional Office, Restaurant, and others

±25 miles from New York City | ±6 miles from I-80

Attractive Demographics with 5-mile Population of ±205,162 and Annual Household Income of ±$129,927

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present ±0.31-Acres located adjacent to 1325 Hamburg Turnpike (“Property”) in Wayne, New Jersey. The Property is positioned within a regional retail corridor and offers an exceptional investment opportunity for high profile development in an affluent market. National tenants within close proximity to the Property include Cvs, Dollar Tree, Stop & Shop, ShopRite, Trader Joe's, LA Fitness, Outback, Burlington, Ulta Beauty, Popeyes, and more. Property benefits from highly favorable Business District Zoning that allows for a wide variety of commercial uses including retail, professional office, restaurant, and others.

Wayne is a township in Passaic County, New Jersey approximately 25 miles west of New York City, and is home to William Paterson University. The Property is situated on Hamburg Turnpike with frontage and visibility to traffic counts of approximately 22,809 vehicles per day and near the signalized intersection of Alps Road with an additional ±12,606 vehicles per day. As of 2022, there were approximately 205,162 residents with an average household income of $129,927 within a 5-mile radius.

Auctioneer: Richard G. Warner | Fisher Auction Company Inc. | License: 0120281

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